Benzinga's M&A Chatter for Tuesday April 24, 2012
The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday April 24, 2012:
Hearing Interdigital Selling Patents
Just a day after Microsoft (NASDAQ: MSFT) and Facebook (NASDAQ: FB) announced they were splitting AOL's (NYSE: AOL) patents, rumors surfaced that another patent-rich tech company, Interdigital (NASDAQ: IDCC), was putting its portfolio on the market. Interdigital has been the subject of frequent rumors involving patent licensing deals and an outright sale of the company.
A spokesperson for Interdigital was not able to confirm a patent sale.
Interdigital closed at $31.95 Tuesday, a gain 3.77% on almost twice the average Daily volume.
William Blair Says Fusion-IO is a Potential Takeover Target for Big Tech
Fusion-IO (NYSE: FIO) is a takeover target for several large tech companies, according to a note from William Blair.
Cisco was rumored to be buying Fusion-IO last week.
A spokesperson for Cisco would not comment on the Blair note, while a Fusion-IO representative could not be reached for comment.
Fusion-IO closed at $27.25 Tuesday, a gain of 4.01% on average volume.
Veolia Environment to Sell UK Water Assets
Veolia Environment (NYSE: VE) is considering a sale of its UK water assets, according to sources speaking to Dow Jones. A least two buyers are said to be bidding.
A spokesperson for Veolia Environment could not be reached for comment.
Veolia Environment closed at $13.80 Tuesday, a gain of 1.02% on 1.5 times the average daily volume.
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